AI Insights · Timothy · July 2023
Top 5 Consumer Finance iOS Apps in South Africa: Q2 2023 Performance
In Q2 2023, the top 5 consumer finance iOS apps in South Africa showed varied trends in downloads and active user metrics. Here’s a closer look at their performance.
The second quarter of 2023 saw notable activity in the consumer finance app sector on iOS in South Africa. Here, we delve into the performance of the top 5 apps: Capitec Bank, FNB Banking App, TymeBank, Nedbank Money, and Standard Bank / Stanbic Bank.
Capitec Bank experienced fluctuating weekly downloads, peaking at approximately 15.2K in late March and dipping to around 8.4K in mid-June, before rising again to 13.2K by the end of June. Weekly active users also varied, starting at 290.1K in late March, decreasing to 268.6K in mid-June, and ending the quarter with an increase to 290.6K.
The FNB Banking App showed a steady pattern in weekly downloads, starting from 5.1K in late March and gradually increasing to 5.3K by the end of June. The app maintained a strong user base, with weekly active users hovering around 280K to 305K throughout the quarter.
TymeBank had consistent weekly downloads, starting at 3.1K in late March and ending at 3.5K by the end of June. Weekly active users showed a positive trend, increasing from 65.6K in late March to 73.8K by the end of June.
Nedbank Money saw moderate weekly downloads, beginning at 3.3K in late March, dropping slightly mid-quarter, and ending at 3.4K in late June. Weekly active users remained relatively stable, starting at 50K in late March and reaching 52.1K by the end of June.
Lastly, Standard Bank / Stanbic Bank had weekly downloads starting at 3.3K in late March and peaking at 3.5K by the end of June. The app's active users consistently increased from 64.2K in late March to 66.8K by the end of June.
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